When you have a good understanding of your RE interests and goals, start making calls to listing agents, private sellers, lenders, property managers, tax assessors, town road crews, water/sewer departments, etc, etc.Talk to them, not just about the property you may have called about but general info pertaining to their specialty.

You may also check out www.irs.gov click on publication 590 for the IRS rules and guidelines pertaining to SDI accounts.

Once you accomplish that, then, and only then, do you know what, if any damages pertaining to lost rent you have.In the meantime, what are your local requirements for Security Deposit accounting?

Internal rate of return is another big joke, especially as it pertains to relatively small residential rentals.

I wouldn't buy a property without seeing the leases and other documents (if any) the owner has pertaining to the tenants.

Good points everyone - Jon, you touched on something that I think is desperately lacking in the education system, and that is practical "life" knowledge - this especially pertains to financial know-how, even stuff as simple as balancing a checkbook.

@Matt K. and Account Closed  I was trying to say that the probate process as it pertained to this property spanned over many years because the heirs to the owner’s estate each lawyered-up and were fighting over the estate.

I am having a real frustrating time dealing with the banks who's servicing my loans on two of my properties as it pertains to insurances.Property AThe bank insists of paying insurance (regular, windstorm and flood) through an escrow. 

I'm an OOS investor from San Diego and I have a few questions pertaining to 2 small neighborhoods in Milwaukee.

For your case I would have stated we didn’t do anything pertaining to hvac work.